| Decision | Consent Granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 16 February 2011 |
| Investment | An overseas investment in significant business assets, being the Applicant's acquisition of rights or interests in 100.0% of the shares of AXA APH Pacific Holdings Limited (AXA APH), the consideration of which exceeds $100m. |
| Consideration | To be advised |
| Applicant | AMP Limited Australian Public (88.0%) New Zealand Public (8.3%) United Kingdom Public (3.3%) Various overseas persons (0.4%) |
| Vendor | Existing shareholders of AXA APH Pacific Holdings Limited AXA SA, France (53.92%) Australian Public (43.96%) New Zealand Public (2.0%) Various overseas persons (0.12%) |
| Background | The proposed transaction will give the Applicant the scale and expertise to expand its independent wealth management business and provide consumers with an even broader range of low cost, simple options to meet their wealth management, retirement and financial planning needs. The overseas investment transaction has satisfied the criteria in section 18 of the Overseas Investment Act 2005. |
| More information | Nick Wells Chapman Tripp (Auckland) PO Box 2206 AUCKLAND 1140 |